SouthState Bank (NYSE:SSB) Price Target Lowered to $108.00 at Truist Financial

SouthState Bank (NYSE:SSB) had its price target reduced by Truist Financial from $110.00 to $108.00 in a report published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts also recently commented on SSB. Stephens lifted their price target on SouthState Bank from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. TD Cowen lifted their price target on SouthState Bank from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Hovde Group raised SouthState Bank from a “market perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a report on Thursday, March 19th. Weiss Ratings raised SouthState Bank from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. Finally, JPMorgan Chase & Co. decreased their price objective on SouthState Bank from $120.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $118.36.

SouthState Bank Stock Performance

Shares of NYSE SSB opened at $97.83 on Monday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $96.00 and its two-hundred day moving average is $95.35. The company has a market cap of $9.59 billion, a P/E ratio of 10.55 and a beta of 0.75. SouthState Bank has a 12 month low of $84.47 and a 12 month high of $108.46.

SouthState Bank (NYSE:SSB) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.21 by $0.07. The company had revenue of $661.70 million for the quarter, compared to the consensus estimate of $669.29 million. SouthState Bank had a return on equity of 10.81% and a net margin of 24.75%.During the same period in the previous year, the business posted $0.87 EPS. On average, equities analysts expect that SouthState Bank will post 9.54 EPS for the current year.

SouthState Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 8th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, May 8th. SouthState Bank’s dividend payout ratio (DPR) is presently 25.89%.

Institutional Trading of SouthState Bank

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in SouthState Bank by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 10,937,359 shares of the company’s stock valued at $1,029,315,000 after buying an additional 161,928 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in SouthState Bank by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,729,496 shares of the company’s stock valued at $445,101,000 after buying an additional 62,879 shares in the last quarter. Geode Capital Management LLC boosted its stake in SouthState Bank by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 1,866,033 shares of the company’s stock valued at $175,653,000 after buying an additional 85,981 shares in the last quarter. Invesco Ltd. boosted its stake in SouthState Bank by 3.6% in the 4th quarter. Invesco Ltd. now owns 1,647,727 shares of the company’s stock valued at $155,068,000 after buying an additional 56,693 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in SouthState Bank by 1.0% in the 4th quarter. Franklin Resources Inc. now owns 1,623,728 shares of the company’s stock valued at $152,809,000 after buying an additional 15,787 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

SouthState Bank News Summary

Here are the key news stories impacting SouthState Bank this week:

• Positive Sentiment: SouthState reported a strong Q1 2026: EPS beat ($2.28 vs $2.21), healthy ROE and margins — this directly supports the stock’s move higher by validating earnings quality and profitability. Article Title
• Positive Sentiment: Barclays lowered its price target to $123 from $126 but kept an “overweight” rating — the $123 PT implies ~25.7% upside from current levels, signaling continued analyst confidence. Article Title
• Positive Sentiment: Hovde Group raised its target to $112 (from $110) and maintains an “outperform” rating — a modest lift that reinforces upside expectations. (No link provided)
• Neutral Sentiment: TD Cowen trimmed its target to $114 from $117 but left a “buy” rating; the $114 PT still implies ~16.5% upside, so the action is more of a modest recalibration than a negative shift. Article Title
• Negative Sentiment: Truist lowered its target to $108 from $110 (still a “buy”) — a small downgrade to the target that slightly trims implied upside to ~10.4%. This is a mild headwind relative to other analyst notes. Article Title

SouthState Bank Company Profile

SouthState Bank (NYSE: SSB) is a bank holding company headquartered in Winter Haven, Florida, that provides a range of commercial and retail banking services. Through its subsidiary, SouthState Bank, the company serves businesses, institutions and individuals with deposit, lending and treasury management solutions. Its core business lines include commercial and industrial loans, commercial real estate lending, consumer mortgages and home equity loans.

In addition to traditional lending and deposit products, SouthState Bank offers specialized services such as treasury and cash management, merchant services, payment solutions and online banking.